---
kind: "section"
citation: "12 C.F.R. § 9.16"
title: "12"
number: "9.16"
heading: "Receivership or voluntary liquidation of bank."
url: "https://uscodex.org/cfr/12/9.16"
---

# §9.16. Receivership or voluntary liquidation of bank.


If the OCC appoints a receiver for an uninsured national bank, or if a national bank places itself in voluntary liquidation, the receiver or liquidating agent shall promptly close or transfer to a substitute fiduciary all fiduciary accounts, in accordance with OCC instructions and the orders of the court having jurisdiction.


## Notes

### Authority

Authority: 12 U.S.C. 24 (Seventh), 92a, and 93a; 15 U.S.C. 78q, 78q-1, and 78w.

### Source

Source: 61 FR 68554, Dec. 30, 1996, unless otherwise noted.